Daily BriefsSingapore

Daily Brief Singapore: Corteva Inc, Biomarin Pharmaceutical and more

In today’s briefing:

  • Corteva, Inc.: Initiation of Coverage – Business Strategy, Pro Farm Agreement, Herbicides Update, Financial Forecasts, DCF & Comparables Valuation, Key Risks (07/22)
  • BioMarin Pharmaceutical: Initiation of Coverage – Business Strategy, Key Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (07/22)

Corteva, Inc.: Initiation of Coverage – Business Strategy, Pro Farm Agreement, Herbicides Update, Financial Forecasts, DCF & Comparables Valuation, Key Risks (07/22)

By Ishan Majumdar

  • This is our first report on Corteva, a major agricultural player within the seeds and crop protection domain.
  • The company registered its Enlist Duo and Enlist One herbicides through 2029 with the U.S.
  • EPA.

BioMarin Pharmaceutical: Initiation of Coverage – Business Strategy, Key Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (07/22)

By Ishan Majumdar

  • This is our first report on rare disease specialist, BioMarin Pharma.
  • The company had a decent start to 2022 recording $519 million in total revenues in the previous quarter.
  • The $20 million in Voxzogo contributions during the first quarter increased the company’s full-year 2022 guidance to between $100 million and $125 million and will play a significant role in its future growth.

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